The Small Investor Protection Association (SIPA) is a volunteer member organization committed to fair practice in the investment industry. SIPA was incorporated (Ontario corporation number 1327366) as a national non profit organization at the end of January, 1999, with headquarters in Markham, Ontario.
INVESTOR ALERT
The Statute of Limitations has been reduced in most provinces from six years to two years. This means that you could have have only two years from the cause of a complaint to start civil litigation. If you decide to try to resolve your dispute by dealing with the industry complaint process you could spend considerable time and risk being statute barred from taking civil action should you be unable to satisfactorily resolve your dispute. You are advised to seek legal advice prior to taking any action to resolve your dispute with industry and regulators. If you lost money in 2008 you could be reaching the end of your two year limitation period. Please read the the report on Limitation Periods provided by Jack Geller by clicking on the interactive button above.
CBC TV - Earl Jones - In Trust
Earl Jones accused as a criminal cheating his clients out of their savings. Over two decades he bilked investors of $50 million. How did he get away with it for so long? One victim says "I want him to spend the rest of his life in jail." Click on the link to watch this incredible story Earl Jones - In Trust on CBC TV.
CBS News - Wall Street's Shadow Market
Steve Kroft interviews Michael Lewis on the Wall Street meltdown. "The numbers are staggering, but they don't begin to explain the greed and incompetence that created this mess. It began with a terrible bet that was magnified by reckless borrowing, complex securities, and a vast, unregulated shadow market worth nearly $60 trillion that hid the risks until it was too late to do anything about them." Click on the link to watch Wall Street's Shadow Market.
CTV W5 - Going for Broke
CTV W5 produced a program detailing how some investors lost everything when they placed their trust in the investment industry. "From coast to coast, horror stories are emerging of investors losing their hard-earned savings due to questionable and improper practices within the financial services industry - and some experts estimate it is costing Canadians in excess of $20 billion a year. It is a harsh reality that 58-year-old Donald Kennedy knows all too well. Several years ago, the Nova Scotia dairy farmer inherited $155,000 and decided to place it all in secure investments with RBC Dominion Securities." Going for Broke has CTV hosts speaking with victims. Click on the link to access Part 1 and Part 2 on the CTV website.
Disclaimer
SIPA does not provide financial advice. The information on this site is provided for information purposes only. You should not act or rely on any information on this site for investment purposes without seeking the advice of a professional advisor. While SIPA considers the information provided to be reliable at the time of posting, SIPA makes no representations nor warrants that the information contained within the web site is complete, timely, or accurate. SIPA may make changes and/or update or delete the information without notice at any time. This information can become out-of-date. SIPA makes no commitment, and disclaims any duty, to update any of this information.
Links to other sites are provided as references to help you identify and locate resources of interest. The linked sites are not under SIPA control and SIPA does not review all the information contained in any linked sites. Such links should not be construed as an endorsement by SIPA of the services or products provided on such sites, nor the condoning of any content contained in such sites. SIPA assumes no third party liability or responsibility for the accuracy or appropriateness of the material contained on any linked site or any link contained in a linked site. SIPA reserves the right to terminate any link or linking program at any time. If you decide to access any of the third party sites linked to our site, you do this entirely at your own risk.
Visitors to this site may copy any of SIPA's original material only. Material originating from other sources may not be copied unless you seek and obtain authorization from such other sources.
The information on this site is made available for information purposes only. SIPA is not responsible for any damage whatsoever, howsoever caused or pursuant to any type of action which results from the use of this site.
